PV Crystalox Solar PLC
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PV Crystalox Solar PLC - overview
Established
1982
Location
Abingdon, Oxfordshire, UK
Primary Industry
Materials
About
PV Crystalox Solar PLC is engaged in the production of high-efficiency solar photovoltaic products, focusing on silicon wafers and solar cells to support the renewable energy sector. Founded in 1982, PV Crystalox Solar PLC operates out of Abingdon, UK, specializing in solar photovoltaic technology. The company was acquired by Vm Capital in June 2007, although specific financial details of the deal were not disclosed. Iain Dorrity currently serves as the CEO of the firm.
PV Crystalox Solar PLC specializes in the production of high-efficiency solar photovoltaic (PV) products, primarily comprising silicon wafers and solar cells. Their core offerings include multicrystalline silicon wafers, which are integral components in the manufacture of solar panels. These wafers are designed to optimize the conversion of sunlight into electricity, addressing the growing demand for renewable energy solutions and contributing to global sustainability efforts. The company services a diverse client base, which encompasses solar panel manufacturers across Europe, Asia, and North America, targeting both utility-scale solar projects and residential applications.
By delivering high-quality products tailored to various market needs, PV Crystalox Solar aims to support the transition towards sustainable energy, ultimately facilitating cleaner power generation and reducing the reliance on fossil fuels. PV Crystalox Solar PLC generates revenue primarily through sales of its silicon wafers and solar cells to manufacturers in the solar energy sector. For the year 2023, the company reported a revenue of USD 0 and an EBITDA of USD 325 for the year 2024. Transactions typically occur in a B2B framework, where the company enters into supply agreements with solar panel manufacturers, ensuring a consistent flow of products that meet their production demands.
These agreements may involve fixed pricing structures based on volume commitments, enabling clients to plan their purchasing strategies effectively. The firm’s flagship products, known for their high-efficiency performance, are priced to reflect their competitive advantage in the market, establishing long-term partnerships with its clients that align with the evolving needs of the renewable energy industry. PV Crystalox Solar PLC aims to expand its product offerings and enter new markets. The company plans to launch upcoming innovative solar products tailored to the evolving demands of the renewable energy sector.
Geographic expansion is also on the agenda, with targeted entries into new markets across Europe and Asia by 2025. The recent acquisition by Vm Capital in June 2007 will support these initiatives, allowing for the allocation of resources towards new product development and market exploration.
Current Investors
VM Capital
Primary Industry
Materials
Sub Industries
Solar Power, Advanced Materials
Website
www.pvcrystalox.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
PV Crystalox Solar PLC - timeline of key events
PV Crystalox Solar PLC - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 216,783,603.868 | 182,622,391.928 | 37,582,289.089 | 60,668,869.553 | 42,998,223.46 | 46,820,383.346 | 46,484,985.712 | 23,113,101.026 | 5,582,384.175 | 465,842.712 | - | - | - | - | - |
| % Revenue Growth (YoY) | - | (15.8%) | (79.4%) | 61.4% | (29.1%) | 8.9% | (0.7%) | (50.3%) | (75.8%) | (91.7%) | - | - | - | - | - |
| EBITDA (USD) | 39,865,989.657 | (44,639,196.742) | (75,665,145.322) | 9,314,924.416 | (1,587,450.584) | (9,179,014.717) | 1,528,141.055 | 11,071,739.981 | 1,962,861.145 | (2,157,264.087) | - | (1,279,000) | - | - | - |
| Operating Income (USD) | 28,625,059.512 | (58,619,704.664) | (89,322,434.298) | 8,940,425.221 | (1,859,147.307) | (9,456,462.385) | 1,342,961.496 | 10,486,986.591 | 1,383,206.478 | (2,179,196.418) | - | (1,279,000) | - | - | - |
| Operating Margin | 13.2% | (32.1%) | (237.7%) | 14.7% | (4.3%) | (20.2%) | 2.9% | 45.4% | 24.8% | (467.8%) | - | - | - | - | - |
| % EBITDA Margin | 18.4% | (24.4%) | (201.3%) | 15.4% | (3.7%) | (19.6%) | 3.3% | 47.9% | 35.2% | (463.1%) | - | - | - | - | - |
| NET Income (USD) | 19,968,616.285 | (52,853,732.47) | (98,491,656.112) | 3,107,239.351 | (3,750,543.482) | (9,991,747.544) | 1,428,996.247 | 9,571,720.414 | 1,206,212.687 | (2,000,228.596) | - | (1,276,000) | - | - | - |
| % Net Margin | 9.2% | (28.9%) | (262.1%) | 5.1% | (8.7%) | (21.3%) | 3.1% | 41.4% | 21.6% | (429.4%) | - | - | - | - | - |
PV Crystalox Solar PLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | PV Crystalox Solar PLC | - |
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PV Crystalox Solar PLC - employee data
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